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    6450 Trippel Rd Theodore, AL 36582
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    Property profile & analytics

    6450 Trippel Rd, Theodore, AL 36582

    View on Map
    • Warehouses
    • 343,678 SF
    • 11.94 lot acres
    For Lease
    $22,260,000
    View Listing →
    Theodore Industrial Building For Lease For Lease
    $22,260,000
    80,000 SF

    Theodore Industrial Building For Lease

    Industrial building with 80,000 square feet available for lease.

    Mobile, AL 36606
    View Listing
    Property ID
    US03-0945151
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $22,260,000
    Cap Rate Potential
    8%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6450 Trippel Rd

    Year built
    2008
    Lot size
    11.94 lot acres
    Property type
    Warehouses
    APN
    38 03 05 2 000 001.XXX
    APU
    3803052000001XXX

    Description

    This exceptional Class A warehouse, located at 6450 Trippel Road in Mobile County, offers a significant opportunity for businesses seeking expansive industrial space. The property boasts a total of 342,924 square feet, with 80,000 square feet currently available for lease. The building features a modern tilt-up concrete construction, providing durability and efficiency. High ceilings, measuring 36 feet clear, allow for ample storage and operational flexibility. The warehouse is well-equipped with robust power systems, including 800 amps of 277v, 3-phase, 4-wire power, ensuring sufficient capacity for demanding operations. Loading and unloading are facilitated by 60 dock doors and 3 drive-in doors, streamlining logistics. A substantial 150-foot deep truck court provides ample maneuvering space, complemented by the potential for 100 trailer parking spaces. The building's bright interior is enhanced by T5 fluorescent lighting, creating a productive and safe work environment. This single-tenant warehouse presents a rare opportunity to secure a large, high-quality industrial space in a prime Mobile County location. The available space ranges from 25,000 to 80,000 square feet, offering flexibility to accommodate various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $32,670,000
      6.5%
      $30,160,000
      7%
      $28,005,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,997,000
      Market price range: $12.4M - $28.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $20,900,000
      Current use
      OFFICE BUILDING
      $36,875,000
      Change: +76% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $30,395,000
      Change: +45% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $24,695,000
      Change: +18% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.209
    Latitude
    30.5579
    CBSA code
    33660
    CBSA name
    MOBILE, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $155,207
    $104,120
    $3,090,860
    $3,194,980
    -
    $520,600
    $15,454,300
    $15,974,900

    Comparable in this City

    • Value Estimation by Request

      4201 Degussa Rd

      BULK STORAGE, TANKS
      4201 Degussa Rd, Theodore, AL 36582-7284
      View Details
    • Value Estimation
      $29,345,000
      364,029 SF

      6735 Trippel Rd

      WAREHOUSE, STORAGE
      6735 Trippel Rd, Theodore, AL 36582-6502
      View Details
    • Value Estimation by Request
      7,786 SF

      3162 Hamilton Blvd

      WAREHOUSE, STORAGE
      3162 Hamilton Blvd, Theodore, AL 36582-8502
      View Details
    • Value Estimation by Request
      3,696 SF

      3162 Hamilton Blvd

      WAREHOUSE, STORAGE
      3162 Hamilton Blvd, Theodore, AL 36582-8502
      View Details
    • Value Estimation
      $1,420,000
      39,130 SF

      5301 Hamilton Blvd

      WAREHOUSE, STORAGE
      5301 Hamilton Blvd, Theodore, AL 36582-8515
      View Details
    • Value Estimation by Request
      2,574 SF

      6030 Hwy 90

      WAREHOUSE, STORAGE
      6030 Hwy 90, Theodore, AL 36582-1645
      View Details

    Similar Nearby for Sale

    • $8,900,000
      117,500 SF

      Prime Theodore Industrial Campus

      88-acre industrial campus with 117,500 SF of buildings
      4405 Dawes Rd, Theodore, AL 36582
      View Details
    • Contact for pricing
      8,000 SF

      Theodore Industrial Asset For Sale

      Single-tenant, net-leased industrial asset in Theodore, Alabama.
      3779 Abigail Dr, Theodore, AL 36582
      View Details
    • Contact for pricing
      20,000 SF

      Theodore Warehouse For Sale

      20,000 sqft warehouse available for purchase in Theodore, AL.
      9361 Lundy Ln W, Theodore, AL 36582
      View Details
    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Well-maintained office-warehouse with office and warehouse space for sale.
      3515 Hurricane Bay Dr, Theodore, AL 36582
      View Details
    • Contact for pricing
      20,000 SF

      20,000 SF Warehouse with Yard

      20,000 SF warehouse with 5.5 AC fenced yard.
      9466 Lundy Ln W, Theodore, AL 36582
      View Details
    • Contact for pricing
      6,554 SF

      Office/Warehouse Building Near I-10

      Office and warehouse space for lease near Tillman's Corner.
      5771 I 10 Industrial Pkwy N, Theodore, AL 36582
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      185,378 SF

      Industrial Park Spaces Available

      Warehouse, distribution, and manufacturing spaces for lease.
      I-10 And Theodore Dawes Rd, Mobile, AL 36582
      View Details
    • Contact for pricing
      14,000 SF

      Industrial Space For Lease

      Industrial space available for lease, convenient location.
      Dockside Dr, Theodore, AL 36582
      View Details
    View Listing
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    Theodore, AL 36582
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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